Dockside LLC Makes New Investment in Onto Innovation Inc. $ONTO

Dockside LLC acquired a new position in shares of Onto Innovation Inc. (NYSE:ONTO) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 4,817 shares of the semiconductor company’s stock, valued at approximately $1,823,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of ONTO. Wellington Management Group LLP increased its position in Onto Innovation by 1,217.0% in the third quarter. Wellington Management Group LLP now owns 1,398,995 shares of the semiconductor company’s stock worth $180,778,000 after purchasing an additional 1,292,772 shares during the last quarter. Franklin Resources Inc. grew its stake in shares of Onto Innovation by 21.4% in the 4th quarter. Franklin Resources Inc. now owns 1,353,001 shares of the semiconductor company’s stock worth $213,585,000 after buying an additional 238,500 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Onto Innovation by 45.4% in the 4th quarter. Geode Capital Management LLC now owns 1,127,532 shares of the semiconductor company’s stock worth $178,024,000 after buying an additional 352,316 shares in the last quarter. Paradigm Capital Management Inc. NY increased its holdings in shares of Onto Innovation by 1.2% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 1,125,838 shares of the semiconductor company’s stock worth $177,725,000 after buying an additional 12,999 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in shares of Onto Innovation by 88.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 960,911 shares of the semiconductor company’s stock worth $151,689,000 after buying an additional 451,084 shares during the last quarter. 98.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ONTO. Morgan Stanley reaffirmed an “overweight” rating and issued a $383.00 price target on shares of Onto Innovation in a report on Friday, August 7th. Evercore reaffirmed an “outperform” rating and issued a $390.00 price objective on shares of Onto Innovation in a research note on Friday, August 7th. Zacks Research upgraded Onto Innovation from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 14th. Weiss Ratings lowered Onto Innovation from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Onto Innovation in a research report on Friday, June 5th. They issued a “buy” rating and a $350.00 price target for the company. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $378.11.

Onto Innovation Price Performance

Shares of ONTO stock opened at $331.94 on Friday. Onto Innovation Inc. has a twelve month low of $101.00 and a twelve month high of $386.46. The company has a current ratio of 9.73, a quick ratio of 8.33 and a debt-to-equity ratio of 0.77. The stock has a fifty day simple moving average of $302.57 and a two-hundred day simple moving average of $259.83. The stock has a market capitalization of $16.29 billion, a price-to-earnings ratio of 124.79, a P/E/G ratio of 1.13 and a beta of 1.59.

Onto Innovation (NYSE:ONTO) last announced its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.69 by $0.24. The firm had revenue of $343.13 million for the quarter, compared to analyst estimates of $325.29 million. Onto Innovation had a return on equity of 13.44% and a net margin of 11.84%.The business’s revenue for the quarter was up 35.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 earnings per share. Onto Innovation has set its Q3 2026 guidance at 2.180-2.380 EPS. On average, analysts predict that Onto Innovation Inc. will post 7.88 EPS for the current fiscal year.

Onto Innovation Profile

Onto Innovation (NYSE:ONTO) is a global supplier of advanced process control and inspection systems for semiconductor and electronics manufacturers. The company’s solutions span metrology, inspection, defect review and lithography mask repair, helping customers optimize yield, reduce costs and improve device performance. By integrating high-resolution optical and e-beam tools with sophisticated software analytics, Onto Innovation enables wafer, mask and advanced packaging producers to maintain tight process control across leading-edge nodes and specialty applications.

Key products include high-throughput wafer metrology systems, optical and e-beam defect inspection platforms, mask inspection and repair tools, and data-driven software for yield management and process optimization.